Author: WisdomTree

Quality as a Hedge for Value
Value Investing

Quality as a Hedge for Value

n a 2012 paper written by Robert Novy-Marx, we found the following statement particularly interesting: “Strategies based on gross profitability generate value-like average excess returns, even though they are growth strategies that provide an excellent hedge for value.”1 Why did […]

Brexit & Japan
Business

Brexit & Japan

Japan got hit hard initially by the risk-off tsunami forced by Brexit. The force of the hit was compounded by the fact that Japan was the first and only major developed market that was open for business when the results […]